Oil climbs as Middle East tensions offset demand worries
NEW YORK (Reuters) – Oil prices rose about 1 percent on Friday after steep losses a day earlier, supported by rising tensions between the United States and Iran, even as…
U.S. solar sector launches lobbying push to preserve key subsidy
(Reuters) – The U.S. solar industry on Wednesday kicked off a lobbying push aimed at convincing Congress to extend a generous tax credit for solar energy systems that is set…
Stocks gain on Fed rate cut optimism; oil drops
NEW YORK (Reuters) – A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments from a U.S. Federal Reserve policymaker heightened expectations for a…
‘Life-threatening’ Tropical Storm Barry grinds toward Louisiana
NEW ORLEANS (Reuters) – City officials warned New Orleans residents on Friday to secure their homes, stock up on supplies and prepare to huddle indoors with Tropical Storm Barry poised…
Cargill quarterly profit dives 41% on trade tensions, U.S. floods
CHICAGO (Reuters) – Global commodities trader Cargill Inc reported a 41% drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding…
Oil falls on dim OPEC demand outlook, pares gains from Gulf of Mexico storm
NEW YORK (Reuters) – Oil prices fell on Thursday as OPEC forecast slower demand for its crude next year, with crude futures easing from their highest in more than a…
World stocks rise as bond yields buoy financials; oil drops
NEW YORK (Reuters) – A broad index of stocks around the world rose on Thursday as financial shares helped Wall Street’s benchmark index advance, while oil prices fell on a…
Mexico says trade deal dispute panel fix must be ‘across the board’
FILE PHOTO: Mexico’s Deputy Foreign Minister for North America, Jesus Seade reacts during the delivery of the United States-Mexico-Canada Agreement (USMCA) deal at the Senate building in Mexico City, Mexico…
Oil dives 4% on demand worries even as OPEC, allies extend cuts
NEW YORK (Reuters) – Oil prices fell more than 4% on Tuesday, even after OPEC and allies including Russia agreed to extend supply cuts until next March, as weak manufacturing…
After explosions, Brazil power transmission companies remove GE equipment
SAO PAULO (Reuters) – After an unusual number of explosions, several Brazilian power transmission companies have started removing a piece of equipment made by General Electric Co (GE.N), a blow…